[quote=sdrealtor]. . . I always see people getting crazy over the prices and appreciation.
What would be reasonable appreciation of an asset over 22 years?. . . [/quote]
I never got “crazy” over prices and appreciation. I’m really not too much of a numbers cruncher as in the areas I’m most familiar with, the properties are all unique. I never made a “killing” selling any of my properties and I’m still standing and life is good :=)
If the owners are the same ones as purchased new in 1988 and did not borrow any more from the property since then, I stand by my assertion that they can deal and move on.
My former guess of $1,075K/$875K still stands if it is within 15 miles of your “farm” area, excluding San Marcos.
